1316 Old Mill Creek RdCharleston, WV 25311

Property Details for 1316 Old Mill Creek Rd

Lot size

8.23 AC

Property type

Investment properties

Property subtype

Live-work space

APN

20-15- 45-0096.0000

APU

20154500960000

Description

This 9.18-acre commercial property located at 1316 Old Mill Creek Road, Charleston, WV 25311, is being offered at auction on Thursday, August 29th at Noon. Disregard the listed price of $249,900; this property will be sold to the highest bidder at auction. The property is zoned for versatile commercial use, making it ideal for a variety of businesses. Potential uses include a warehouse, commercial garage, or distribution center. The significant lot size presents a substantial opportunity for future development or expansion. The property's address is clearly identified as 1316 Old Mill Creek Road, Charleston, West Virginia. Online bidding is available for those unable to attend the live auction. Detailed information regarding auction procedures, registration, and bidding can be found on the Joe R. Pyle Auctions website. This is a unique opportunity to acquire a large parcel of commercial land in a desirable location with significant potential for growth and return on investment. The property is currently listed as an office building, however, the square footage is not available. This auction presents a compelling investment opportunity for those seeking a flexible commercial space with ample room for future development. Don't miss this chance to secure this prime commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $62,403,664

  6.5%

  $57,603,380

  7%

  $53,488,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $33,533,996

  Geo Method

  $33,533,996

• Alternative Use

  Use

  Valuation

  Residential

  $71,428,192

  Hospitality

  $65,427,840

  Educational

  $54,435,196

  Medical

  $56,307,304

  Retail

  $84,676,968

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Latitude

38.3826

Longitude

-81.5558

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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